Citadel Advisors LLC Decreases Stock Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Citadel Advisors LLC cut its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,075 shares of the bank's stock after selling 13,664 shares during the period. Citadel Advisors LLC owned approximately 0.35% of Peoples Bancorp of North Carolina worth $596,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEBK. JPMorgan Chase & Co. raised its holdings in Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock worth $111,000 after buying an additional 576 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Peoples Bancorp of North Carolina by 4.9% in the fourth quarter. Empowered Funds LLC now owns 31,765 shares of the bank's stock worth $993,000 after acquiring an additional 1,487 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Peoples Bancorp of North Carolina in the fourth quarter worth approximately $296,000. American Century Companies Inc. grew its stake in shares of Peoples Bancorp of North Carolina by 3.1% in the fourth quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock worth $731,000 after acquiring an additional 695 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Peoples Bancorp of North Carolina by 606.4% in the fourth quarter. Wellington Management Group LLP now owns 426,893 shares of the bank's stock worth $13,340,000 after acquiring an additional 366,459 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Stock Performance

NASDAQ PEBK traded down $0.11 during trading hours on Thursday, hitting $27.44. 6,506 shares of the company's stock traded hands, compared to its average volume of 19,545. The firm has a market capitalization of $149.79 million, a P/E ratio of 9.21 and a beta of 0.63. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $23.74 and a 52 week high of $33.31. The business's fifty day moving average price is $27.53 and its two-hundred day moving average price is $28.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.79 earnings per share for the quarter. The business had revenue of $20.47 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. Peoples Bancorp of North Carolina's payout ratio is currently 26.23%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.